Can I retire at age 59 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,375
2 years$26,572$26,078$25,598$25,133$24,682$23,225
3 years$17,539$17,042$16,564$16,103$15,659$14,248
4 years$13,023$12,528$12,054$11,601$11,168$9,814
5 years$10,314$9,822$9,354$8,911$8,490$7,196
6 years$8,509$8,020$7,560$7,126$6,718$5,485
7 years$7,220$6,735$6,282$5,859$5,463$4,292
8 years$6,254$5,773$5,328$4,915$4,532$3,422
9 years$5,503$5,027$4,589$4,186$3,817$2,767
10 years$4,902$4,431$4,001$3,609$3,252$2,261
11 years$4,411$3,945$3,522$3,141$2,797$1,862
12 years$4,002$3,540$3,126$2,755$2,424$1,544
13 years$3,656$3,200$2,793$2,432$2,114$1,287
14 years$3,360$2,908$2,509$2,159$1,853$1,078
15 years$3,104$2,657$2,266$1,925$1,631$905
16 years$2,880$2,438$2,054$1,724$1,442$763
17 years$2,682$2,245$1,869$1,549$1,278$644
18 years$2,507$2,074$1,706$1,396$1,137$545
19 years$2,350$1,923$1,562$1,261$1,013$462
20 years$2,209$1,786$1,433$1,142$905$392
21 years$2,082$1,664$1,319$1,037$810$333
22 years$1,966$1,553$1,215$943$726$283
23 years$1,861$1,453$1,122$858$652$241
24 years$1,764$1,361$1,038$783$586$206
25 years$1,676$1,277$961$715$527$175
26 years$1,594$1,201$891$654$475$149
27 years$1,519$1,130$828$598$428$128
28 years$1,449$1,065$769$548$386$109
29 years$1,384$1,004$716$503$349$93
30 years$1,323$949$667$461$315$79
31 years$1,267$897$622$424$285$68
32 years$1,214$848$580$390$258$58
33 years$1,164$803$542$358$233$50
34 years$1,117$762$506$330$211$42
35 years$1,074$722$473$303$191$36
36 years$1,032$686$443$279$173$31
37 years$993$651$414$257$157$26
38 years$957$619$388$237$142$23
39 years$922$588$364$219$129$19
40 years$889$560$341$202$117$17
41 years$857$533$319$186$106$14
42 years$828$508$300$172$96$12
43 years$799$484$281$159$87$10
44 years$772$461$264$146$79$9
45 years$747$440$248$135$72$8
46 years$722$419$233$125$65$6
47 years$699$400$219$115$59$6
48 years$676$382$206$107$54$5
49 years$655$365$193$99$49$4
50 years$635$348$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $650,000, adding $5,843 every year, while hoping to spend $49,850 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/38/24 Blend
58$650,000$650,000$650,000$650,000
59$722,327$687,877$677,802$744,411
60$742,964$668,543$647,468$741,686
61$764,036$646,591$614,448$733,679
62$785,534$621,840$578,598$724,035
63$807,446$594,098$539,769$712,638
64$829,760$563,163$497,806$699,362
65$852,459$528,821$452,545$684,076
66$875,521$490,846$403,817$666,637
67$898,924$448,997$351,445$646,896
68$922,638$403,021$295,242$624,695
69$946,630$352,652$235,015$599,865
70$970,860$297,605$170,562$572,226
71$995,283$237,583$101,671$541,589
72$1,019,847$172,270$28,123$507,752
73$1,044,493$101,333$0$470,498
74$1,069,152$24,419$0$442,499
75$1,093,747$0$0$419,138
76$1,118,191$0$0$417,617
77$1,142,384$0$0$426,153
78$1,166,213$0$0$434,486
79$1,189,553$0$0$442,563
80$1,212,262$0$0$450,322
81$1,234,181$0$0$457,695
82$1,255,131$0$0$464,605
83$1,274,913$0$0$470,968
84$1,293,302$0$0$476,687
85$1,310,050$0$0$481,656
86$1,324,879$0$0$485,757
87$1,337,478$0$0$488,858
88$1,347,502$0$0$490,812
89$1,354,567$0$0$491,456
90$1,358,246$0$0$490,610
91$1,358,063$0$0$488,071
92$1,353,493$0$0$483,617
93$1,343,948$0$0$477,000
94$1,328,781$0$0$467,946
95$1,307,271$0$0$456,151
96$1,278,619$0$0$441,278
97$1,241,943$0$0$422,953
98$1,196,262$0$0$400,764
99$1,140,492$0$0$374,255
100$1,073,433$0$0$342,918